Under a quirk in New York state law, the transfer of exempt property prior to bankruptcy may be set aside as a fraudulent conveyance, a Western District bankruptcy court judge has held in a matter of
...including New York, the law consists of the Uniform Fraudulent Conveyance Act (UFCA), which was promulgated in 1918. Under both the UFTA and...
Arthur J. Steinberg, a partner at King & Spalding, and John F. Isbell, counsel to the firm, discuss some of the issues a transferee may raise in a defense against a fraudulent transfer claim in a Pon
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